Tick Tock! Tick Tock!
When it comes to task or project management time is an important factor. Well, time is also a resource that you are investing in any project. So you need to know that why time tracking is important.
Everyone on your team has a vital role to play in the accomplishment of your project. Tracking their time for different activities you can monitor if your project is going to be complete before its deadline.
Evaluating the time required in the project versus actual time let you stay aware of the milestones and deliverables. You will have an overview down to the detailed project and its modules. Time adjustment is the key to staying in the flow.
Financial Benefits
Time tracking provides great financial benefits. Through time tracking you can estimate the future cost of the project for data and resources required. Processing of data for payroll, billing, invoicing become more efficient.
If you have flat rates time tracking gives you an ability to value work in process. The insight into cost will help you lowering them and manage them before time runs out.
Improve Performance
If you track your time and keep the schedule up to date you can avoid unnecessary efforts and utilize them in other additional projects. Actual Time spent on a project will let you improve the ability for the management of task and projects from a customer perspective.
Time estimation increases the chance of accomplishing and deploying your project on time. It is then easier to keep everything under control when time is being monitored. Tracking your current projects provides you a better insight if you want to start something new and reassign or reprioritize the work.
Tracking time help in identifying lengthy or time taking problematic task before starting a project and let adjust them accordingly. Tracking time for every single activity will give the measurable results at the end.
Keep on Track
The clock has struck ONE! Yes, we know everyone hates the ticking of the clock, but it is the best way to keep your team on track. It let you be more efficient in your work and keep the distractions away.
Tracking the time estimate the difference between over worked and under worked team. This will let you compensate for the human resource personnel for their overtime. This will help you plan the appropriate capacity of the team and help you complete excellent projects in a timely manner.
Estimating where time is being lost, let you make changes in the project and inform your team of latent pitfalls to your schedule.
Time Tracking Software
Many software are available in the market that is used for time tracking of employees. They will allow you to view quick timesheet of the entire project and the team involved in it. ERP.GOLD comes with an integrated time tracking module.
Time tracking let you monitor and Filter time of your team and encourage them to work on the allocated time frame for best results.